Asset Classes

Deutsche Börse equity turnover drops 70% in January

The turnover on German stock exchange group Deutsche Börse’s cash equities market fell to EUR 90 billion in January 2009 from EUR 307.8 billion in January 2008 – a year-on-year decline of 70%.

MTF users poised to gain from CCP interoperability

Two pan-European central counterparties (CCPs) – European Multilateral Clearing Facility (EMCF) and SIX x-clear – have signed a memorandum of understanding that will allow multilateral trading facilities (MTFs) to offer members a choice of clearing services.

Smartpool link reflects Instinet’s open door policy

Instinet Europe, the European arm of the agency brokerage owned by Japan’s Nomura Holdings, has connected to Smartpool, the non-displayed multilateral trading facility from exchange group NYSE Euronext.

US clearing competition will not add cost – Nasdaq

The re-introduction of competition in the US equities clearing space will not create additional complexity and cost, according to Brian Hyndman, senior vice president of transaction services at US exchange group Nasdaq OMX.

Knight commences trading in nine Asian markets

Knight Asia, the Asian arm of US-based agency brokerage Knight Capital, will start trading in nine markets in Asia from today, as it looks to establish a presence in the region.

Nomura joins Nasdaq OMX Nordic as it ramps up new platform

Nomura International, the London-based division of Japanese investment bank Nomura, has become a member of Nasdaq OMX Nordic as it builds out its new European equity electronic trading platform, launched on 12 January.

DTCC to offer real-time trade guarantees and boost capacity

US post-trade processing firm The Depository Trust & Clearing Corporation (DTCC) is to offer real-time trade guarantees for continuous net settlement-eligible trades and boost its processing capacity for equities clearing to 500 million transactions a day.

ITG to extend suite across emerging Europe

ITG, an agency broker and trading technology firm, will extend its product range to new European markets as part of its 2009 expansion plans.